JPMorgan faced backlash from the crypto community for closing Strike CEO Jack Mallers’ accounts abruptly in September. Mallers criticized major banks for their skepticism towards Bitcoin, reigniting the debate on its status as money. He accused banks of pressuring him to tone down his advocacy at the Bitcoin Amsterdam conference. Mallers believes Bitcoin threatens traditional banks due to its transparent, decentralized nature. Additionally, his company, Twenty One Capital, recently went public on the NYSE under the ticker “XXI” to focus on Bitcoin operations.

Read more at Yahoo Finance: Jack Mallers hits back at ‘powerful’ JPMorgan